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doing it with bank of america can help save a lot more. up to 20% cash back from over 300 online retailers with our add it up program. just sign up and use your bank of america debit or credit card when you shop online. it's one of the many ways we make saving money in tough times a whole lot easier. >>> first to welcome back avis budget group to the $1 billion market cap club. the stock is up a staggering 2,600% since the trough in the market on huge volume today, double the normal, 6.5 million shares. short squeeze, do you think? you'd be wrong. there's only 2 1/2% short in this bad boy right now. the stock's at a 14-month high. and as i said, above ten bucks a share for the first time since june of 2008. avis, budget, car and truck rental. back to you. >> and the important thing is all those travel stocks doing well. >> that is important. >> along with some of the other ones that are out there like orbitz and priceline as well here. thanks, matt. with about 30 minutes left to go until the closing bell the market's shaping up here, we're
doing it with bank of america can help save a lot more. up to 20% cash back from over 300 online retailers with our add it up program. just sign up and use your bank of america debit or credit card when you shop online. it's one of the many ways we make saving money in tough times a whole lot easier. >>> first to welcome back avis budget group to the $1 billion market cap club. the stock is up a staggering 2,600% since the trough in the market on huge volume today, double the normal,...
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Aug 12, 2009
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. and they also are expanding a cost-cutting restructuring program to north america and latin america. there's the bad news. if you're a ten-year holder of the stock. it was once 300 and change. but truth be told, this thing is a momentum play off the bottom in the telecom equipment space. it competes with names like ciena and tellabs. adc telecom about a $900 million market cap. rebecca? >> thank you, matt nesto. short-term vulnerabilities, long-term upside, that is what the charts are telling us about the direction of equities. jordan kotick, global head of technical strategy at barclays capital joins us now in our regular "tick by tick" segment. it's great to see you, jordan. and i'm curious to know what chart you're looking at to understand that right now we might see a little vulnerability but over the long run things are looking a lot better. >> a couple of things. in the month of august we were still quite bullish the equity market but heading into september we're starting to see some warning signs that are a little bit of a discouragement to us and wanted to point those out to
. and they also are expanding a cost-cutting restructuring program to north america and latin america. there's the bad news. if you're a ten-year holder of the stock. it was once 300 and change. but truth be told, this thing is a momentum play off the bottom in the telecom equipment space. it competes with names like ciena and tellabs. adc telecom about a $900 million market cap. rebecca? >> thank you, matt nesto. short-term vulnerabilities, long-term upside, that is what the charts are...
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Aug 7, 2009
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and bank of america now is worth $142 billion. it's in a dogfight to punch its way into the top ten of the s&p 500 again. apple and google are in their own dogfight to hold on to the 10th and 11th spot respectively. the same could be said for a look at citigroup versus home depot. both these stocks are worth about 44, 45 billion dollars right now. home depot by a nose. but look at the performance as it goes to citigroup. we know the financials have had a run. take a look at just how the large caps have done. if you take a look at the 50 largest mid-caps, they range from 3 1/2 billion to 6 billion dollars. pretty big for mid caps, if you will. but take a look at the 100 smallest large caps. this is linguistic gymnastics on a friday, i know. but they range from 900 million bucks, which is manitowoc, all the way up to 3.8 billion with newell, tiffany, and whole foods. so the 50 largest mid-caps are bigger than the 100 smallest large caps. that's a head scratcher. also look at this. from september of '98 to december of '98, i'm not su
and bank of america now is worth $142 billion. it's in a dogfight to punch its way into the top ten of the s&p 500 again. apple and google are in their own dogfight to hold on to the 10th and 11th spot respectively. the same could be said for a look at citigroup versus home depot. both these stocks are worth about 44, 45 billion dollars right now. home depot by a nose. but look at the performance as it goes to citigroup. we know the financials have had a run. take a look at just how the...
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Aug 13, 2009
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number one toothpaste seller in america, latin america, and a very strong leader in china. >> now, when you talk about very consistent growth, i've got to think then that means that you're avoiding cyclicals. does that worry you as we talk about an economic recovery here? because cyclicals will generally benefit the most. >> they certainly do. in the early stages of an economic recovery. and we have some exposure to cyclicals in what we call quality global industrials, companies like emerson, for example, and united technology. these are more consistent cyclicals that we think will do well not only in the early stages but more importantly in the later stages of a recovery. and i think most people are projecting, and we would agree, that this recovery is going to be slow, long, and characterized by subpar gdp growth. consistent growing, quality growth companies will do well in that kind of an environment. >> that's your assessment of the economy. what about the overall rally that we have seen in the market? do you believe it? is it overpricing in a future earnings stream that is not nece
number one toothpaste seller in america, latin america, and a very strong leader in china. >> now, when you talk about very consistent growth, i've got to think then that means that you're avoiding cyclicals. does that worry you as we talk about an economic recovery here? because cyclicals will generally benefit the most. >> they certainly do. in the early stages of an economic recovery. and we have some exposure to cyclicals in what we call quality global industrials, companies...
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Aug 25, 2009
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repower america. i hope our senators are listening. >>> it is time now for our call to action, the stocks you need to watch for the rest of the trading day. cnbc's matt nesto is on the case. >> i said viewer discretion, mandy. if you look at the discretionary group today, lots of things working, up 1.7%, far and away outpace the market and beating financials. that's today, sort of this week sort of story. but if you step back to a month or so, all about financials. but for this report, we're going to take a look at some of those discretionary names, particularly some of the best performers in the s&p 500 today. you can't not enjoy a big 8% move in big lots. check it out. up almost 2 bucks a share here today. that stock is up 78% on a year-to-date basis. they beat, they guided, they divided as all looking positive here today, the company's lower expenses, lower payroll, lower advertising is giving that leveraged operating leverage that analysts have been looking for, where a little bit goes a long way.
repower america. i hope our senators are listening. >>> it is time now for our call to action, the stocks you need to watch for the rest of the trading day. cnbc's matt nesto is on the case. >> i said viewer discretion, mandy. if you look at the discretionary group today, lots of things working, up 1.7%, far and away outpace the market and beating financials. that's today, sort of this week sort of story. but if you step back to a month or so, all about financials. but for this...
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Aug 13, 2009
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a quick mention on bank of america, the s.e.c. filing saying that a new head of global wealth management, is buying 63,000 shares of the stock, paid an average of $15.97 for each of the shares, a total just over $1 million. the stock trading, last up at 77%, almost 5% almost. >>> cscripps is on top of the heap with the food network, the company's focus allowing investors to avoid problems plaguing media conglomerates, its stock up 55% year-to-date, so clearly they're doing something right. so can scripps keep up the growth? julia boorstin joins us with the interactive dr ceo ken lowe. >> hi, larry. a week ago, they reported earnings of 49 cents per share, up from 2 cents a year ago ago. this is a quarter when most media con glom rats struggled. here to talk about this is its ceo, ken lowe. thank you tore joining us. >> great to be with you. >> so your growth is being driven, and expanding distribution, can you keep up the growth of both these revenue streams. >> i think we can, julia. you know, it's always important to have qualit
a quick mention on bank of america, the s.e.c. filing saying that a new head of global wealth management, is buying 63,000 shares of the stock, paid an average of $15.97 for each of the shares, a total just over $1 million. the stock trading, last up at 77%, almost 5% almost. >>> cscripps is on top of the heap with the food network, the company's focus allowing investors to avoid problems plaguing media conglomerates, its stock up 55% year-to-date, so clearly they're doing something...
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still ahead tonight, america's running out of sugar. there is a warning to the white house. we will tell you how it could impact people with a sweet tooth. >> coming up in sports, dan and lindsay live in baltimore with a preview of tonight's big game. >>> you may pay more for that candy bar. the price of sugar could rise because of restrictions on imports. manufacturers say prices could go up if the obama administration doesn't modify the restrictions on sugar imports. cheaper tariff-free sugar will help keep prices down. sugar is used in everything from candies and cookies to hamburger and hot dog buns. >>> deals on cars, deals on electronics, some consumers benefitted from the recession in ways never thought possible. even expensive wines have now been available at lower prices. that is the delight of a lot of wine drinkers. >> reporter: there's something sizzling inside of a kitchen in zazu restaurant. even hotter than the food are the amazing deals on wine. >> pouring wines generally between $60 to $70 a glass. for the same price we used to pour the $30 to $43 bottle of
still ahead tonight, america's running out of sugar. there is a warning to the white house. we will tell you how it could impact people with a sweet tooth. >> coming up in sports, dan and lindsay live in baltimore with a preview of tonight's big game. >>> you may pay more for that candy bar. the price of sugar could rise because of restrictions on imports. manufacturers say prices could go up if the obama administration doesn't modify the restrictions on sugar imports. cheaper...
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at bank of america, it practically does. use the bankamericard power rewards visa credit card and earn rewards like cash back with every purchase. cash you can put into savings. or even use to help pay down your credit card balance. it's one of the many ways we make saving money in tough times a whole lot easier. >>> we only have six minutes. >> i'm going to say yes. and then we can correct me in the next hour. that sounded like the open to your old ventriloquist act, melissa, a funny thing happened. but truly, something is happening, and i want you to check it out. i want to show you the value index versus the growth index in just the past couple of weeks. this is a pretty wide out performance for two really big cap index that's compete side by side. all those value fund managers out there are probably going to be going whew, thank god, because the growth guys have been vague good run of it. but brian belski's note out this morning saying the transition is zech definitely under way in the value versus growth saga and he thi
at bank of america, it practically does. use the bankamericard power rewards visa credit card and earn rewards like cash back with every purchase. cash you can put into savings. or even use to help pay down your credit card balance. it's one of the many ways we make saving money in tough times a whole lot easier. >>> we only have six minutes. >> i'm going to say yes. and then we can correct me in the next hour. that sounded like the open to your old ventriloquist act, melissa, a...
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doing it with bank of america can help save a lot more. up to 20% cash back from over 300 online retailers with our add it up program. just sign up and use your bank of america debit or credit card when you shop online. it's one of the many ways we make saving money in tough times a whole lot easier. finally, good news for people with type 2 diabetes or at risk for diabetes. introducing new nutrisystem d, the clinically tested program for losing weight and reducing blood sugar. hi i'm mike, and i lost 100 pounds on nutrisystem d when i was first diagnosed with diabetes, that first step was more like a giant leap. till i discovered nutrisystem d. in a clinical study people on nutrisystem d lost 16 times more weight and reduced their blood sugar 5 times more than those on a hospital-directed plan. plus a1c was reduced .9%. choose from over 140 menu options, there is no counting carbs, calories or points. i lost 100 lbs. and lowered my blood sugar level. nutrisystem d changed my life. mike is one of many who have lost weight and controlled th
doing it with bank of america can help save a lot more. up to 20% cash back from over 300 online retailers with our add it up program. just sign up and use your bank of america debit or credit card when you shop online. it's one of the many ways we make saving money in tough times a whole lot easier. finally, good news for people with type 2 diabetes or at risk for diabetes. introducing new nutrisystem d, the clinically tested program for losing weight and reducing blood sugar. hi i'm mike, and...
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but i also think it's a wonderful day for america. thank you very much, everybody. >> president barack obama in the diplomatic reception room announcing the approval by the senate when it comes to judge sonia sotomayor. she will be sworn in on saturday to the supreme court, and for the first time in history there will be tv cameras there to document it. she's going to be the 111th justice of the supreme court. chief justice john roberts is going to administer two different oaths of office. she's going to repeat one oath that's prescribed by the constitution. that's going to be in a private ceremony with only her family. then they're going to open it up to reporters, and she does a second oath. and as i said, once again, for the first time in history tv cameras are going to be allowed to show that. 68-31 was the vote in the senate. what are we doing here? okay. christina romer is standing by as well. that's actually really convenient. let's bring her in. she's chief of the council of economic advisers. good to see you, dr. romer. >> gr
but i also think it's a wonderful day for america. thank you very much, everybody. >> president barack obama in the diplomatic reception room announcing the approval by the senate when it comes to judge sonia sotomayor. she will be sworn in on saturday to the supreme court, and for the first time in history there will be tv cameras there to document it. she's going to be the 111th justice of the supreme court. chief justice john roberts is going to administer two different oaths of...
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Aug 5, 2009
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you are not going to go to a bank like bank of america for a pay cut. so whether they're paying her 15 or 14.99 million dollars, it's almost -- it doesn't really matter that much to me. they are paying a lot of money because you don't leave a job at goldman sachs. she ran the sort of desk out there. to take a job at b of a. from what i understand, she's getting more responsibility. for anything less than at least your paycheck. and her paycheck would have been quite substantial at goldman sachs. which raises the issue. you know, you have a government bailed out bank and they're paying a lot of money to bring people over. obviously, this isn't the only one. there's a lot of others going on. from what i understand, there was a person in operations at citigroup, also lured from goldman sachs, was making $500,000 at goldman sachs. this person was making 1.5 million at citigroup. so it's really a sort of issue that's going to be coming up -- >> hey, charlie. >> yes, go ahead, i'm sorry. >> why do you think someone at goldman sachs would tell you this? do you
you are not going to go to a bank like bank of america for a pay cut. so whether they're paying her 15 or 14.99 million dollars, it's almost -- it doesn't really matter that much to me. they are paying a lot of money because you don't leave a job at goldman sachs. she ran the sort of desk out there. to take a job at b of a. from what i understand, she's getting more responsibility. for anything less than at least your paycheck. and her paycheck would have been quite substantial at goldman...
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Aug 14, 2009
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no word on what will happen to the bank of america litigation. remember, bank of america had sued bbnt over the return of some funds, but it does appear now that colonial bank shares which have been halted all day today will now be taken over by bbnt. guys? >> okay, scott cohn, thank you so much at our breaking news desk. the s&p up almost 50% since march lows. you can see by this chart, take a peek, back in march where it was. look at that, 46% of the gains since march 9th. mohammed el-erian appeared on "squawk box" this morning and said the stock market is getting ahead of itself. >> the market has gotten way ahead of the reality on the ground. the market and the economics are not reconciled right now. >> big question, is he right? we want to ask our bull, jordan kimmel, author of "the magnet method of vesting conscious and our bear and my old friend, craig peckham, go way back, trading strategist with jeffries and company. craig, terrific to see you. >> likewise, trish. >> i'm going to kick it off with you here, because you are in agreement wi
no word on what will happen to the bank of america litigation. remember, bank of america had sued bbnt over the return of some funds, but it does appear now that colonial bank shares which have been halted all day today will now be taken over by bbnt. guys? >> okay, scott cohn, thank you so much at our breaking news desk. the s&p up almost 50% since march lows. you can see by this chart, take a peek, back in march where it was. look at that, 46% of the gains since march 9th. mohammed...
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"the richest kids in america." nathan, great to have you with us. i'm glad we are -- we are coming to a -- a better smelling topic here than chickens, shall we say. tell bus what it is that you do. what is instrumental savings? >> we are a musical instrument retailer and distributor for central california. we are the affordable music store. >> affordable music store. so you sell every -- all kinds of too many band equipment? >> correct. we sell from guitars to band instruments, back to school, when is the season now. accordion, to world instrument by harps. and indian music. instruments. the whole range. >> where did this idea come from? which is it is a funny story. i was walking home to my apartment at usc, university of southern california. my roommate, christopher, had a guitar in the room. i saw his guitar. you know what? i'm going to start selling musical instruments. i was looking for a retail business and looking for a product. i saw the guitar. the idea. >> it was that simple? you are -- >> exact. >> i you are 23 years old. >> right. >> do
"the richest kids in america." nathan, great to have you with us. i'm glad we are -- we are coming to a -- a better smelling topic here than chickens, shall we say. tell bus what it is that you do. what is instrumental savings? >> we are a musical instrument retailer and distributor for central california. we are the affordable music store. >> affordable music store. so you sell every -- all kinds of too many band equipment? >> correct. we sell from guitars to band...
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Aug 21, 2009
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and america is still in the leading position. they are taking very much care of the currency. there is not going too strong. but that is the game to play. i mean, america, of course they don't like to have a very strong dollar, but i tell you, if you ask the politicians, they don't like a strong euro, either. but the central banks probably agree to each other is that they don't want to have any big currency flows at all. they would like to have in this environment, which is still a little bit of stress. you know, the big stress was just short behind and they want to see stability. they want to have big volatility in the currency market at all and they are actually happy about it happening. that's probably the perfect scenario. the dollar is a little weaker. they like that. stock market is going up. it looks all okay. >> felix, thanks for coming up and speaking to us today. >>> coming up in which in the next hour of "worldwide exchange," euro zone pmi kicks higher in august. but this system leaves results stocking. >> plus, he's done it again. smashing his own world record in t
and america is still in the leading position. they are taking very much care of the currency. there is not going too strong. but that is the game to play. i mean, america, of course they don't like to have a very strong dollar, but i tell you, if you ask the politicians, they don't like a strong euro, either. but the central banks probably agree to each other is that they don't want to have any big currency flows at all. they would like to have in this environment, which is still a little bit...
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repower america. i hope our senators are listening. >>> in this morning's sound check, the ceo of the american petroleum institute on oil and the economy, plus representative paul on the strong leadership and the keogh oh is the key to the recovery. >> what's more important here in the fundamentals longer term is the broader economic situation. when we look at it on a global basis, remembering that oil particularly has traded on a global marketplace. >> i think this is a very good time for strong presence of national and state leadership all over the country. and we have to start exacerbating the good feelings that we can do it, we can develop our own destiny. >> so busy dancing. kanjorski, of course, that is. but i was having a good time. >> that music was so disco. not that i like disco. >>> but stocks on the move, scott cohn at hq -- >> also dancing. he's dancing. there you go. >> you've got do get up and dance. >> scottie. >> all right. keeping an eye on the cable company, ruling just in from the
repower america. i hope our senators are listening. >>> in this morning's sound check, the ceo of the american petroleum institute on oil and the economy, plus representative paul on the strong leadership and the keogh oh is the key to the recovery. >> what's more important here in the fundamentals longer term is the broader economic situation. when we look at it on a global basis, remembering that oil particularly has traded on a global marketplace. >> i think this is a...
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., latin america and new mexico. been around quite some time. the future will be the key for investors in terms of once the deal is done, the separation from liberty, what happens there. you know what? i'm out of time to tell you about news corp. perhaps we'll leave that one for later. mr. haines, back to you. >> thank you, mr. faber. the final countdown to the opening bell coming right up. ever want to look over the shoulder of a seasoned stock trader? well, here's your chance... i'm running strategy desk from td ameritrade to set up a trading strategy based on how i think the market's trending-- right now i'm looking at a 20-80 stochastic cross. now, i could be running multiple strategies... my own tweak or some combination-- but for now--this is good... this is strategy desk, advanced technology for traders from td ameritrade. it's designed specifically for traders. with strategy desk i can compare the 20-80 with other strategies and back-test them all. multiple strategies. multiple stocks. over time. and i can look at that at the symbol leve
., latin america and new mexico. been around quite some time. the future will be the key for investors in terms of once the deal is done, the separation from liberty, what happens there. you know what? i'm out of time to tell you about news corp. perhaps we'll leave that one for later. mr. haines, back to you. >> thank you, mr. faber. the final countdown to the opening bell coming right up. ever want to look over the shoulder of a seasoned stock trader? well, here's your chance... i'm...
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but i don't think that america is fading into the sunset. i think it's only a question of when we hit that 14,100 mark again. i'm not suggesting it's over the next 12 or 15 months.. i absolutely believe over the next few years we will see that number again. >> michelle, you like something called concur tack? >> yeah. >> convince me that i should concur. >> that the an on-demand software company that produces travel and expense software, which takes what has historically been a very manual process in planning and booking your travel. i know for me, putting together an expense report and having somebody go through it and issue the checks. what concur software does is automate that process, so it allows companies to have much greater productivity along the process and -- and so they did have revenue growth in the quarter. revenue was up 13%. signed 700 customers in the quarter. several of those were large customers. and, yeah, in fact, beat on the bottom line as well. >> and capella education convinced me i should sing along. >> capella is very
but i don't think that america is fading into the sunset. i think it's only a question of when we hit that 14,100 mark again. i'm not suggesting it's over the next 12 or 15 months.. i absolutely believe over the next few years we will see that number again. >> michelle, you like something called concur tack? >> yeah. >> convince me that i should concur. >> that the an on-demand software company that produces travel and expense software, which takes what has historically...